US Holding Company Air T To Acquire Australia’s Rex Airlines

US-based Air T officially signed a Sale and Implementation Deed to acquire Regional Express (Rex) from multiple administrators, with Australia’s government agreeing to restructure Rex’s financing to keep regional flights operating. The airline has been struggling in recent years. Closing is targeted by year-end, and the deal itself is subject to creditor and court approvals. Air T plans to fund engine renewals and return Rex’s Saab 340 fleet to service.